uploads/2018/04/Image-1-2.png

Range Resources Could Report Higher Profits in 1Q18

By

Updated

Range Resources’ 1Q18 net income estimates

Range Resources (RRC) is scheduled to report its 1Q18 earnings on April 25, 2018, after the market closes. For 1Q18, excluding any one-time items, the current consensus net income estimate for Range Resources is ~$105 million. On a YoY (year-over-year) basis, Range Resources is expected to report ~72% higher profits compared to the adjusted net income of ~$61 million in 1Q17. On a sequential basis and excluding any one-time items, Range Resources’ 1Q18 consensus net income estimate is ~91% higher than the profit of ~$55 million in 4Q17.

Based on the current consensus net income estimate, Range Resources is expected to report a quarterly profit for the sixth consecutive quarter in 1Q18.

Article continues below advertisement

1Q18 EPS estimates

For 1Q18, excluding any one-time items, Wall Street analysts’ current consensus EPS (earnings per share) estimate for Range Resources is $0.43. On a YoY basis, Range Resources’ 1Q18 current consensus EPS estimate is higher by $0.18 compared to an adjusted EPS of $0.25 in 1Q17. Sequentially, Range Resources’s 1Q18 current consensus EPS estimate is higher than $0.21 in 4Q17.

Marathon Oil (MRO), which has operations in unconventional resources in the US, is expected to report a net profit of ~$98 million in 1Q18—much better than its loss of ~$57 million last year. Marathon Oil’s current EPS estimate for 1Q18 is ~$0.13.

In this series

In this series, we’ll discuss Range Resources’ revenue expectations, production guidance, and cash flow estimates. We’ll also discuss the odds of Range Resources beating its EPS expectations.

Advertisement

More From Market Realist